James Hardie Industries plc has announced the successful completion of its acquisition of The AZEK Company. This strategic move, disclosed by the company, positions James Hardie as a leading provider of exterior home and outdoor living solutions. The acquisition, executed in a cash-and-stock transaction, combines the world-class talent and complementary offerings of both companies, significantly expanding James Hardie's total addressable market. The integration is expected to capture commercial and cost synergies, accelerate revenue and EBITDA growth, and drive robust free cash flow generation. Following the transaction, AZEK's stock has ceased trading on the New York Stock Exchange. Key leadership roles in the combined organization include Aaron Erter as CEO, Rachel Wilson as CFO, Jon Skelly as President of AZEK Residential, and new additions such as Sam Toole as Chief Marketing Officer for AZEK brands.
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